VAALCO officer receives new restricted stock grants
Donohue Casey reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Donohue Casey reported acquisition or exercise transactions in this Form 4 filing.
VAALCO Energy officer Casey Donohue reported two equity compensation awards of Common Stock. He received grants of 21,528 shares and 15,368 shares at no cash cost under the company’s 2020 Long Term Incentive Plan.
The first award is restricted stock that vests in three equal annual installments starting one year after the grant date. The second award is restricted stock that also vests in three equal annual installments, but only if specified stock price appreciation hurdles of 10.0%, 15.0% and 20.0% are achieved, based on a 30‑day average price from the grant date. Following one of these grants, Donohue directly held 96,909 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,368 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 21,528 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan"). The shares vest in three equal annual installments beginning on the first anniversary of the date of grant.
- F2. Represents shares of restricted stock granted to the reporting person pursuant to the Plan. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
Key Figures
Key Terms
restricted stock financial
2020 Long Term Incentive Plan financial
stock price appreciation financial
30-day average stock price financial
FAQ
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What insider transaction did VAALCO Energy (EGY) report for Casey Donohue?
How do Casey Donohue’s new restricted stock awards at VAALCO Energy (EGY) vest?
Are any performance conditions attached to Casey Donohue’s VAALCO Energy (EGY) stock grants?
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